Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
41 hedge funds and large institutions have $2.36B invested in Principal Exchange-Traded Funds Principal US Mega-Cap ETF in 2024 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 18 increasing their positions, 9 reducing their positions, and 1 closing their positions.
600% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 1
100% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 9
17% more funds holding
Funds holding: 35 → 41 (+6)
16% more capital invested
Capital invested by funds: $2.04B → $2.36B (+$325M)
3.13% more ownership
Funds ownership: 99.82% → 102.95% (+3.1%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PS
Principal Securities
Des Moines,
Iowa
|
+$104M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$101M |
| 3 |
OBWP
O'Brien Wealth Partners
Waltham,
Massachusetts
|
+$17.4M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$4.38M |
| 5 |
Morgan Stanley
New York
|
+$4.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$122M |
| 2 |
Goldman Sachs
New York
|
-$1.72M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$172K |
| 4 |
OCM
One Capital Management
Westlake Village,
California
|
-$48K |
| 5 |
JWM
Jackson Wealth Management
Lake Mary,
Florida
|
-$21.9K |
USMC Hedge Fund Activity: Q1 2024 in Review
41 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Principal Exchange-Traded Funds Principal US Mega-Cap ETF (USMC) for Q1 2024, worth a combined $2.36B — up 16% from $2.04B a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new USMC positions and 1 closed out — a net gain of 6 holders — while 18 added to existing stakes and 9 trimmed.
The largest buyer was Principal Securities, adding an estimated $104M. The largest seller was Principal Financial Group, cutting an estimated $122M.
- 41 institutional investors held Principal Exchange-Traded Funds Principal US Mega-Cap ETF (USMC) as of Q1 2024, up from 35 in Q4 2023.
- Funds reported $2.36B of Principal Exchange-Traded Funds Principal US Mega-Cap ETF stock for Q1 2024, up 16% quarter-over-quarter.
- 7 funds opened new Principal Exchange-Traded Funds Principal US Mega-Cap ETF positions in Q1 2024 and 1 closed out, a net change of +6 holders.
- The largest Principal Exchange-Traded Funds Principal US Mega-Cap ETF buyer in Q1 2024 was Principal Securities, an estimated $104M added.
- The largest Principal Exchange-Traded Funds Principal US Mega-Cap ETF seller in Q1 2024 was Principal Financial Group, an estimated $122M sold.
Based on aggregated 13F filings for Q1 2024.